International Review of Environmental and Resource Economics > Vol 16 > Issue 2

The Influence of Institutional Factors on the Relationship between Board of Directors and Environmental Disclosure: A Meta-Analysis

Sabrina Pisano, Department of Law, University of Naples Parthenope, Italy, sabrina.pisano@uniparthenope.it , Luigi Lepore, Department of Law, University of Naples Parthenope, Italy, luigi.lepore@uniparthenope.it , Alfredo Celentano, Department of Law, University of Naples Parthenope, Italy, alfredo.celentano@uniparthenope.it , Federico Alvino, Department of Law, University of Naples Parthenope, Italy, federico.alvino@uniparthenope.it
 
Suggested Citation
Sabrina Pisano, Luigi Lepore, Alfredo Celentano and Federico Alvino (2022), "The Influence of Institutional Factors on the Relationship between Board of Directors and Environmental Disclosure: A Meta-Analysis", International Review of Environmental and Resource Economics: Vol. 16: No. 2, pp 229-280. http://dx.doi.org/10.1561/101.00000145

Publication Date: 23 Nov 2022
© 2022 S. Pisano, L. Lepore, A. Celentano and F. Alvino
 
Subjects
 
Keywords
JEL Codes: M14M40
Determinants of disclosureboard characteristicsmeta-analysisDirective 2014/95/EUSDGcountry-level factors
 

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In this article:
1 Introduction 
2 Literature Review 
3 Research Methodology 
4 Results 
5 Discussion and Conclusion 
References 

Abstract

This paper adopts the meta-analysis technique to a sample of 29 empirical articles to investigate the relationship between the board of directors' characteristics and environmental disclosure. The paper also investigates whether the findings are moderated by differences in country-level factors, such as geographic location, rule of law, environmental policy stringency and the level of commitment to sustainable development goals, and differences in the measurement of environmental disclosure. The results reveal that board size, independence, gender diversity, environmental committee and board meetings significantly and positively influence environmental disclosure. In addition, the findings show that geographic location intervenes in the relationship between board size, independence, CEO duality and environmental disclosure. Finally, the relationship between board size, CEO duality, and environmental disclosure is moderated by the measurement of the dependent variable.

DOI:10.1561/101.00000145